Area Development News Desk

12/24/2012

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Foley Carrier Services, LLC will invest $2 million to locate its operations Center to a 17,000 square foot space in the South Armory of Colt Gateway in Hartford, Conn, a move that will immediately create 110 jobs, with plans to add up to 70 additional employees within three years.

The firm provides drug and alcohol testing and other services to help transportation providers remain in compliance with Federal Department of Transportation regulations. “Our relocation to Hartford is a textbook example of the good things that can happen when city and state officials work cooperatively with private companies and neighborhood groups,” said Joel Sitak, Foley CEO. “This iconic site offers many advantages including easy access to public transit, and is the ideal location to attract the high-potential people we need, particularly Spanish bilingual applicants to serve our burgeoning Latino customer base.”

“This is great news for the city and marks a solid step towards transforming the historic Colt complex into a thriving retail, office, and commercial center,” said Governor Dannel P. Malloy. “Foley Carrier Services is a Connecticut success story in its own right, and will help us attract additional business and investment to the South Armory building.”

Colt Gateway is a 627,555 square foot adaptive reuse real estate development featuring 10 distinct buildings, being restored to the National Park Service standards. The interior
and exterior renovations of the Colt Complex will culminate in a blend of 212 residential units and nearly 350,000 square feet of commercial, school and retail space.The Colt Gateway Armories are part of the Coltsville district which has been designated a National Historic Landmark.

As an incentive, the state Department of Economic and Community Development committed to supporting the $2 million project with a $500,000 grant to Colt’s developer for leasehold improvements. In addition, the City of Hartford entered into a parking license agreement with Colt Gateway to accommodate the parking requirements for Foley and future commercial leases.